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Derivative Instrument | 6 Months Ended
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Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Instrument | Derivative Instrument In October 2022, Enhabit entered into an interest rate swap agreement with a notional value of $200.0 million and a maturity of October 20, 2025. See Note 3, Long‑Term Debt. The activities of the cash flow hedge included in Accumulated other comprehensive income (loss) for the three and six months ended June 30, 2025 and 2024 are presented in the following table (in millions):
|  |  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  |  | 2025 |  | 2024 |  | 2025 |  | 2024
Balance at beginning of period |  |  | $ | (0.2) |  |  | $ | 0.8 |  |  | $ | (0.2) |  |  | $ | (0.5) |
Unrealized gain recognized in other comprehensive income, net of tax |  |  | 0.2 |  |  | 0.5 |  |  | 0.2 |  |  | 2.1 |
Reclassified to interest expense, net of tax |  |  | — |  |  | (0.4) |  |  | — |  |  | (0.7) |
Balance at end of period |  |  | $ | — |  |  | $ | 0.9 |  |  | $ | — |  |  | $ | 0.9 |
The fair value of derivative assets and liabilities within the unaudited Condensed Consolidated Balance Sheets are presented in the following table (in millions):
| As of June 30, 2025 |  | As of December 31, 2024
Other current liabilities | $ | — |  |  | $ | (0.3) |
Total | $ | — |  |  | $ | (0.3) |
The fair value of the Company’s derivative instrument is determined using inputs, including quoted prices in nonactive markets, that are observable either directly or indirectly, or Level 2 inputs within the fair value hierarchy. See Note 1, Summary of Significant Accounting Policies—Fair Value Measurements, to the consolidated financial statements included in the Form 10-K.

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